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Scammers are every where. They try to take every opportunity to scam people and make easy money off them. It is your responsibility to keep yourself safe from them. The scammers usually leave some trails that can easily be traced. You have to find those trails and spot those scammers out. Like you said, they use bots to increase their visibility in facebook or twitter. Detecting a bot is quite easy. Again, if they are offering something too good, then there is obviously something fishy. You should just stay away from it.
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Depends on what kind of ICO you are investing on. If its just a shit ICO, high chances are you will be losing everything. So be careful when you choose an ICO. You will find a lot of threads that tells you what to look for when investing on an ICO. Just follow their advice. But, to be honest, i would suggest you to invest on trending coins rather than ICOs. They are less riskier and will give you profit in the long run.
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I have heard Switzerland is extremely friendly to crypto currencies. They also have "Crypto Valley", a small town filled with companies that are crypto enthusiasts (some what similar to Silicon Valley). They have business friendly crypto laws. Even normal users don't have to go through much hassles as long as they report their gains.
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Crypto currencies are being used as a store of value right now. I know it is a sad truth but this does not mean that it will never be used as a currency. Just give it more time. As more people starts to know about it, more people will adopt its usage. Do keep in mind that cryptocurrencies are still a new thing. It hasn't even been a decade since bitcoin was created. And you are actually wrong about no one accepting it as a currency. Many online stores and even some physical stores accept bitcoin.
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I actually got 2 old computers(that are way worse than laptop) But they dont really start up. So in order to buy them new things to make them work again it would be a huge investment for me(i am only 19 without a job currently).
Should i use My laptop..? my friend told me that its a bad idea because it wont mine enough btc and its just not worth.
my laptop has these
8Gb Ram
Intel(R) Core(TM) i7-4510U CPU @ 2.00GHz 2.60 GHz
64 bit...?
I am not an expert at this tbh . Any opinion/reply will be appreciated !! Thanks a lot
As of today you should actually forget about it. You will end up reducing your laptops hardware lifetime and even damage it to beyond repairable state. Mining is a very intensive activity. You laptop won't be able to handle it and lets not forget about the heating. You will end up damaging your laptop by overheating it. The power you will be consuming will also not be worth the few cents you will be mining every month. Better get proper mining equipment and save your laptop. |
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I will ask you which one is the most beneficial of these two things? what will you choose? and explain why you chose it. who knows it will give input to everyone who reads. if I myself might be a bounty can be profitable and maybe the results of the bounty will lead to trading. What is your opinion? share your experience here
The two methods you mentioned is not even related in anyway. Earning through bounty and trading is not the same. In bounty, you do not need any kind of investment. All you need to do is spend some time. The risk is extremely low (risks include not getting paid or being a shitty bounty project). On other hand, trading requires you to have capital. You will need to invest and spend comparatively more time. You might lose everything anytime soon. |
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The blockchain technology at this stage can be compared to the internet at its early stages, where mass adoption was also an issue. The internet was actually invented in 1969 but didn't get adopted until the 1990s, even then it wasn't accessible to everybody. But it has now become a necessity in every industry and for everybody worldwide.
The blockchain technology is at its infancy stage and it is already making innovations in different industries. Though there are a lot of restrictions against it presently and some nations do not want to adopt it, but it is not a technology that can be stopped and it will surely gain mass adoption with time.
What is your opinion about the blockchain technology?
Yeah, bitcoin is still in its infant stage and needs more development. But you can't compare internet with bitcoin and its technology. The amount of barricade this technology is facing cannot be weighed up with the problems internet was facing back then. First of all, the internet had government support and appropriate steps were taken to educate people about the internet. Even they were encouraged in every step. But in the case of bitcoin, we are not getting those support and instead fear is being spread. This is actually hampering the development of this technology. We need to over come this problems so that we can make the usage of bitcoin mainstream. |
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Being a long term holder is not actually being greedy. All you are saying is that people should play safe, so they should hold short term and sell out whenever they have made any kind of profit. Unfortunately, that would cause people to actually make extremely less profit and would make the price of crypto currencies to not rise much and fall more frequently. Holding actually causes the value of the coin to grow stronger. If you do short term selling, you would be limiting yourself from further investment if the price keeps on rising.
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What you stated is actually partly true but not the case for everyone. All people are not the same. There might be many kind of things/activities that motivates people. But there is one common thing that motivates everyone. This is called "happiness". It is actually the key factor of motivation. For some people "money" might bring happiness to some extent, but eventually after having enough money (and buying all his happiness) he might stop pondering around money. Hence, money won't be motivating him to do anything anymore since he already has everything.
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Bitcoin price is not controlled. Old investors are not stopped investing! Rather real investors are investing every day. Because this is the golden time to grab coins at a cheap rate! New investors are coming also. Small investors stopped investing otherwise everything okay. Bitcoin price if controlled then we can see a stable price, not this types of volatility.
True, they are not controlled but you need to know that they are sometimes (or can be) manipulated easily. So, don't you think being able to manipulate means being able to control for at least short term? And if bitcoin price could have been controlled, we would not be seeing price stability. Instead we will be seeing more instability and those controlling it will be taking advantage of the price fluctuation. |
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Have you ever played this? Is it a hoax?https://bitcointalk.org/index.php?topic=5033529.0
The users seems to be already negatively tagged by a DT user for promoting their sites through alt accounts. So i guess it is better not to try that new casino. Wait for some reviews and let it gain some reputation. You don't want to get scammed, so better be safe than sorry. Meanwhile you can try some other reputed online casinos. |
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Never heard of that site. I play lotto at crypto-games.net. You can try it. Their lottery is legitimate and uses third party to pick winners and all the records are public. Btc Lotto is usually active with a decent pot twice a week and during wagering contest the pot goes even higher. Give it a shot. |
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2. In most countries, digital money is outside the legal field. Perhaps, this is the most painful problem of crypto currency. Not all countries are in a hurry to legalize virtual assets. There are also states that have completely banned the crypto currency and everything associated with it.
Don't mix up digital currencies with crypto currencies. Though crypto currencies are a form of digital currency but they are not the same. Normal digital currencies are actually legal almost everywhere. This is because digital currencies are actually centralized and controlled by a group of people who regulates them following state laws. Almost all digital currency (e-wallets and other stuffs) has a legal framework which crypto currencies lack. |
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If you have unlimited supplies of money to burn in cryptocurrency then it definitely are easy for them to dump the price specially if those manipulators are divided in to uncountable groups that will spread on all the exchanges. That is the true nature of trading. If you have all the wealth, the game will play on your hands and the winner will always be you. It would be nice if there is a concrete regulation that will minimize those manipulative acts in the market and also putting a limit on each trades might work.
This is a free market. Regulations will only cause trouble and will end up creating centralization. How long do you think the whales will keep on manipulating the price? Like you stated you will need "unlimited" supplies of money to bring significant change and whales can never have unlimited supplies of money since bitcoin itself has limited cap. But, still regulation is not the answer to counter price manipulation. The stock market is regulated, but manipulation still takes place. We just need to find better solution. |
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A big NO-NO! Crypto currencies were meant to be decentralized. What do you think is going to happen when there is a "central" bank. You think it will still remain decentralized? You think we will still retain our financial freedom? You really think the government won't be using it for their own advantage and to dominate its people? Tons of more questions to ask. Just try answering them and you will understand why it is the worst idea to introduce central banking system for crypto currencies.
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Most people believe that the price of altcoins' is determined by the price of bitcoin and that they tend to follow it's market movements.
I partially disagree with this. I have studied prices of coins and tokens on CMC and the fluctuations of each currency seems to be unique and independent of any other digital currency. Some show strong pumps when BTC goes down and some heavy dumps when BTC is rising.
Undoubtedly, there are market forces and factors which affects most currencies, this is not influenced by bitcoins price, it rather controls bitcoins' price as well as others.
So when trading or investing, make sure you treat each currency differently as they have different utilities.
Bitcoin in the crypto world is like what the US Dollar is to the fiat currency world. The currencies are somewhat tied with the price of bitcoin. The most common pair of trading an alt coin is the bitcoin. This is one of the key reason why alt coins follow bitcoin. The price rise is not always the same. When bitcoin rises, we don't see much spike in altcoin. But when btc falls, we see a huge dip on altcoins. Another reason is that when bitcoin starts to rise, people pull out of altcoins and starts jumping on bitcoin, thus the price rise of altcoin is significantly lower than btc. |
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Government does not like crypto because it cannot control it.Because of it’s very nature of being decentralized. Because government cannot ban cryptocurrency and cannot prevent money from going to any other wallet till it knows the owner of wallet. So government can only control honest traders or buyers of cryptocurrency who purchase through bank transfers or self declare it.
It is true that the government has no control over crypto currencies since it is decentralized. You are also stated correctly that cryptocurrencies cannot be banned, but you should know that the government can ban the usage of crytocurrencies. If the government imposes a law where the usage/transaction made using crypto currency is illegal, then the people of the country must follow the law. Or else they can be prosecuted. There are actually some (most of them are just corrupted underdeveloped countries) countries that made the usage of crypto currencies illegal. |
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Bitcoin/crypto-currency is one of the invention for financial development. But, unfortunately every good side has its own bad side. The same case goes for bitcoin. Bitcoin is totally decentralized. No one controls it. You are the sole owner of your coins. You can send it anywhere you like within seconds. But again all these good features has it own evil use. People can steal your coins and then it becomes almost impossible to retrieve it back. They can launder money easily and commit crimes within seconds. But, in the end, the good sides weigh more than the bad sides.
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Depends on what kind of "crime" you are talking about. Crime itself is a very broad topic. But, it is true gambling and crime is somewhat related specially with the people who are addicted to gambling. They might do anything to get money to gamble. They might end up mixing with the wrong people and engage in criminal activities. But I guess this is true for just few percentage of people. Better not generalize everyone.
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As we all have seen ripple has been quite strong these past few days and with all that it has done over the past months compared to most other currencies and the launch of xrapid is actually starting to show in its price.
There is so much talk about ripple taking over bitcoin and being 10$ what are your thoughts on this ?
Don't think the price will jump to $10 anytime soon. The price rise might be due to the "soon to be released" xRapid. There were some hints from the company that caused some hype and people are jumping into the hype train causing the sudden price rise. I don't think the rise will last long enough and might start going down soon enough. |
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